oBondAU_Price( ) Example

Description

Consider a 10-year Australian Government Bond (CGB) trading at a yield of 7.00% with a coupon rate of 7.50%, a dated date of 15 September 1999, a maturity date of 15 September 2009, and a face value of $1,000,000. What is the current value of this bond assuming a settlement date of 1 January 2002?